Deals
New York REIT Dissidents Propose Five-Person Slate for Board
- Ashner’s WW Investors opposes merger with Washington-based JBG
- Investors prefer liquidation of New York REIT to combination
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A group of dissident New York REIT investors proposed a five-person slate of candidates to replace board members backing the company’s merger with JBG Cos., a closely held owner of Washington-area properties.
The nominees were proposed by investors Michael Ashner, chairman and chief executive officer of Boston-based Winthrop Realty Trust, and developer Steven Witkoff, who are two of the five candidates. The others are Gregory Hughes, principal for Roscommon Capital LP and a former executive at SL Green Realty Corp.; James Hoffmann, a former partner and senior vice president of Wellington Management Co.; and Neil Koenig, co-founder of accounting firm Imowitz Koenig & Co.